Latest news with #ChinaEnergyEngineeringCorporation
Korea Herald
15-07-2025
- Business
- Korea Herald
Opposition party denounces Chinese participation in Korea's offshore wind project
The main opposition People Power Party on Tuesday condemned China Energy Engineering Corporation's participation in Korea's offshore wind power plant project in the West Sea, raising concerns over possible security threats. 'According to a media report, China's state-run company CEEC is taking part in the 365 (megawatt) wind power project in the waters of Yeonggwang in South Jeolla Province,' said People Power Party spokesperson Lee Jun-woo. 'China's entrance into our domestic offshore wind power sector is a very grave issue as it is directly related to security threats on top of simply plundering our industrial sovereignty.' The spokesperson noted that China's participation in the project could lead to a leakage of Korea's routes and information on its ships, submarines and flights through the high-precision sensors attached the cables, turbines and blades used for offshore wind power projects. The media report, which Lee cited, said on the previous day that CEEC had announced its participation in the engineering, procurement and construction, or EPC, project of Korea's 365 MW offshore wind power development through a consortium. The announcement included that the size of the contract was about 2 trillion won ($1.4 billion). 'If the Chinese state-run energy firm's invasion into Korea becomes reality, the Democratic Party of Korea's administration will have to be held accountable for letting China eat away at our future industry and security,' said Lee.
The Star
28-06-2025
- Business
- The Star
Chinese energy firms say Brazil must clarify rules or face loss of investments
Senior Chinese energy executives have called on Brazil to fix its regulatory framework and provide long-term predictability, warning that delays could hamper billions of dollars in green investment. The requests for transparency came on Thursday during a panel discussion at the Energy Summit in Rio de Janeiro, where representatives from the State Power Investment Corporation (SPIC) and China Energy Engineering Corporation (CEEC) said that Brazil risked falling behind unless it acted quickly to clarify rules for energy storage and long-term concessions. China has become one of Brazil's biggest energy investors, pouring US$1.73 billion into the sector in 2023, a 33 per cent rise from the previous year, with roughly 72 per cent of confirmed projects focusing on wind, solar and other clean technologies, according to the Brazil-China Business Council. Since 2007, Chinese firms have invested a total of US$73.3 billion in Brazil generally, making it the fourth-largest destination globally for Chinese capital. 'Today we have the technology, the capital and the interest, but we lack a stable and predictable framework for energy storage in Brazil,' said Marcelo Taulois, deputy chief executive and chief development officer of CEEC Brazil. He warned that delays were putting billions of dollars of investment at risk. Taulois said that a long-awaited framework for battery storage, announced in December, had been put on hold despite strong interest from more than 60 developers. 'We were expecting it to be implemented by May, but it stopped,' he said. Adriana Waltrick, chief executive of SPIC Brasil, said that long-term planning was vital for both nations' roles in the global energy transition. 'China and Brazil are two of the four countries that will define this shift,' she said, noting that in 2024, China invested roughly 10 per cent of its gross domestic product in the energy transition sector, compared with roughly 1 per cent by Brazil. 'But China built an ecosystem where planning and execution go hand in hand. Brazil can do the same,' Waltrick said, adding that advances in digital technology – from artificial intelligence for hydro management to smart energy grids – could help Brazil make better use of its abundant resources. She said that Brazil had the expertise to do this, but only if regulations evolved with the times. Jorge Arbache, a University of Brasília economist, noted that vulnerability could become a catalyst for growth if policies were clear and coordinated. 'And China, with its ability to articulate, coordinate and implement policies, has succeeded through very well-defined plans and clear targets across the central government, provinces, state-owned enterprises and private firms in accelerating its path towards energy independence. 'This is something we can mimic here,' he added. As evidence that the market responded when rules were defined, panellists cited rising confirmation rates for announced Chinese energy-related investments in Brazil, from 27 per cent in 2022 to 88 per cent in 2023. Yet both Taulois and Waltrick said the trend could stall if Brazil failed to provide a robust framework for storage and long-term concessions. 'The sentiment right now is one of urgency,' Taulois said. 'The market and the technology are ready. What we're missing is a sign from the government that Brazil is serious about making this transition happen.' Waltrick said Brazil had a unique opportunity: 'We have the resources, we have the technology, and we have strong partners like China ready to build. But the bridge between planning and policy has to be built now – or this moment could slip away.' -- SOUTH CHINA MORNING POST
CairoScene
24-05-2025
- Business
- CairoScene
China Energy Commissions Region's Largest Solar Plant in Saudi Arabia
With a capacity of 2.6 GW, the Shuaibah Solar Power Plant is set to become the Middle East's largest renewable energy facility. China Energy Engineering Corporation (CEEC) has begun commissioning the Shuaibah Solar Power Plant near Jeddah, Saudi Arabia, which is planned to become the Middle East's largest solar energy facility. Once fully operational, the plant will boast a capacity of 2.6 gigawatts and is expected to generate over 282 billion kilowatt-hours of electricity during its 35-year lifespan—offsetting approximately 20 million tonnes of carbon dioxide emissions annually. The Shuaibah project is a joint initiative between CEEC, Saudi Arabia's ACWA Power, and the Water and Electricity Holding Company (Badeel), and is a cornerstone of Saudi Arabia's Vision 2030 strategy to diversify its energy portfolio and reduce reliance on fossil fuels. The facility will feature advanced photovoltaic technologies and integrated automation systems, establishing new technical benchmarks for large-scale renewable energy infrastructure in the region.
Time of India
22-05-2025
- Business
- Time of India
Pakistan looks to China after India's Indus water blow
Pakistan looks to China after India's Indus water blow Jayanta KalitaRajesh Sharma May 22, 2025, 16:13 IST IST Following suspension of Indus Waters Treaty by India, China has fast-tracked the construction of a multi-purpose dam in Pakistan's Khyber Pakhtunkhwa. Can Islamabad ensure safety and security for Chinese workers given past attacks by Pak Taliban? China has announced expediting the construction of the Mohmand dam in Pakistan 's volatile Khyber Pakhtunkhwa province, days after Islamabad was left high and dry by India's decision to suspend the 1960 Indus Waters Treaty (IWT) in response to the April 22 Pahalgam terror attack. The state-owned China Energy Engineering Corporation, which has been working on the hydropower project since 2019, has begun concrete filling, marking a 'critical construction milestone', according to a report by state broadcaster China Central Television (CCTV).
Time of India
20-05-2025
- Business
- Time of India
China Pakistan Dam Construction: China speeds up construction of dam in Pakistan, ET Infra
Advt China has announced plans to accelerate work on a 'flagship' dam in Pakistan to ease pressure on its all-weather ally, weeks after India placed the 1960 Indus Waters Treaty (IWT) in abeyance following the Pahalgam terror attack, according to a media state-owned China Energy Engineering Corporation has been working on the Mohmand Hydropower Project in Khyber Pakhtunkhwa province in north-western Pakistan since 2019. The project was scheduled to be completed next Saturday, state broadcaster CCTV reported that concrete filling on the dam had started, marking 'a critical construction milestone and a phase of accelerated development for this national flagship project of Pakistan', the Hong Kong-based South China Morning Post Mohmand dam is designed to serve as a multi-purpose facility for power generation, flood control, irrigation and water supply and is designed to generate an estimated 800MW of hydropower and supply 300 million gallons a day of drinking water to Peshawar, the capital and largest city of Khyber Pakhtunkhwa.
